Remitly Global Shares Surge 25.9% to $17.14 on Earnings, CEO Change
Remitly Global shares surged 25.9% to close at $17.14 following a robust full-year 2025 net profit of $67.9 million on $1.6 billion in revenues, up 27%. New CEO Sebastian Gunningham will aim to drive 19–20% revenue growth to $1.94–1.96 billion and $436–438 million in Q1 sales.
1. Stock Performance Spike
Shares of Remitly Global jumped 25.94% to $17.14, marking a third consecutive day of gains and a pre-market gap from $13.61 to $16.35. Trading volume exceeded 7.7 million shares as investors reacted to the earnings beat and executive change.
2. Leadership Transition
Sebastian Gunningham assumed the chief executive role, succeeding Matt Oppenheimer, who remains chairman. Gunningham brings executive experience from Amazon, Santander consumer finance, Openbank, Material Bank, WeWork, Oracle and Apple.
3. Financial Results and Outlook
Full-year 2025 net profit was $67.9 million, reversing a $37 million loss in 2024, on revenues of $1.6 billion, up 27%. For 2026, the company targets 19–20% revenue growth to $1.94–1.96 billion and Q1 sales of $436–438 million.